i own two homes in california. one of them is my primary residence and not late with my payments. the other
property im 3 months late will they file a lien on my primary residnece if the other house is foreclosed?
Answers (1)
FIRST ANSWER
good afternoon....first of all... i assume the loan for the home going into default isn't collaterallized by both homes..if that's the case.......then if there is an eventual loss against your other home, the lender would have to obtain a judgement against you and prove that no remedy was ever paid against it...at that point they could lien the other house...although, i don't think it's likely.....i hope that helps.....bob mcclure- success mortgage partners- plymouth, michigan......
Web Reference: http://www.loaningmichigan.com
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